Stifel Nicolaus Raises Ichor (NASDAQ:ICHR) Price Target to $45.00

Ichor (NASDAQ:ICHR) had its price objective increased by Stifel Nicolaus from $40.00 to $45.00 in a report released on Tuesday morning, Benzinga reports. They currently have a buy rating on the technology company’s stock.

ICHR has been the topic of a number of other reports. Needham & Company LLC reissued a buy rating and set a $42.00 price target on shares of Ichor in a report on Tuesday, March 19th. B. Riley reaffirmed a neutral rating and issued a $40.00 price target (up previously from $36.00) on shares of Ichor in a report on Friday, March 15th. Craig Hallum initiated coverage on Ichor in a report on Tuesday, April 9th. They issued a buy rating and a $55.00 price objective on the stock. Finally, TD Cowen upped their target price on Ichor from $31.00 to $42.00 and gave the stock an outperform rating in a research note on Wednesday, February 7th. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of Moderate Buy and an average target price of $44.80.

Ichor Trading Up 3.2 %

Shares of Ichor stock opened at $39.29 on Tuesday. Ichor has a 1 year low of $22.26 and a 1 year high of $46.43. The company has a debt-to-equity ratio of 0.43, a current ratio of 4.06 and a quick ratio of 1.57. The stock has a market cap of $1.30 billion, a PE ratio of -26.73 and a beta of 2.02. The firm has a fifty day moving average price of $40.56 and a 200 day moving average price of $33.65.

Ichor (NASDAQ:ICHR) last issued its earnings results on Tuesday, February 6th. The technology company reported ($0.22) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.13). The company had revenue of $203.48 million during the quarter, compared to analysts’ expectations of $197.50 million. Ichor had a negative return on equity of 0.88% and a negative net margin of 5.30%. Equities research analysts predict that Ichor will post 0.23 earnings per share for the current year.

Insider Activity

In related news, CTO Philip Ryan Sr. Barros sold 7,226 shares of the stock in a transaction on Friday, February 16th. The stock was sold at an average price of $45.39, for a total value of $327,988.14. Following the completion of the transaction, the chief technology officer now directly owns 50,490 shares of the company’s stock, valued at approximately $2,291,741.10. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, insider Christopher Smith sold 23,433 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $45.08, for a total value of $1,056,359.64. Following the completion of the sale, the insider now directly owns 70,329 shares in the company, valued at $3,170,431.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO Philip Ryan Sr. Barros sold 7,226 shares of the business’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $45.39, for a total value of $327,988.14. Following the transaction, the chief technology officer now directly owns 50,490 shares in the company, valued at approximately $2,291,741.10. The disclosure for this sale can be found here. Insiders have sold a total of 80,659 shares of company stock worth $3,652,848 over the last quarter. 2.20% of the stock is currently owned by corporate insiders.

Institutional Trading of Ichor

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Cubist Systematic Strategies LLC purchased a new stake in shares of Ichor in the second quarter valued at about $28,000. Public Employees Retirement System of Ohio boosted its holdings in Ichor by 48.3% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 1,155 shares of the technology company’s stock valued at $28,000 after purchasing an additional 376 shares during the last quarter. Signaturefd LLC grew its stake in shares of Ichor by 207.2% in the 3rd quarter. Signaturefd LLC now owns 1,109 shares of the technology company’s stock valued at $34,000 after buying an additional 748 shares during the period. CWM LLC increased its holdings in shares of Ichor by 87.1% during the 4th quarter. CWM LLC now owns 1,100 shares of the technology company’s stock worth $37,000 after buying an additional 512 shares during the last quarter. Finally, UBS Group AG raised its position in shares of Ichor by 73.8% during the 3rd quarter. UBS Group AG now owns 1,582 shares of the technology company’s stock valued at $39,000 after buying an additional 672 shares during the period. 94.81% of the stock is owned by institutional investors and hedge funds.

About Ichor

Ichor Holdings, Ltd. engages in the design, engineering, and manufacture of fluid delivery subsystems and components for semiconductor capital equipment in the United States and internationally. It primarily offers gas and chemical delivery systems and subsystems that are used in the manufacturing of semiconductor devices.